Fed cuts rates

Fed cut the rates by a quarter point, and the market reacted badly, maybe because it expected a bigger cut. The S&P500 entered free fall as well some of the solar stocks that I track.

Considering the recent stock market losses, the solar sector barely budged with this loss on the indexes. Even with the solar powerhouses like SunTech Power(STP) and SunPower Corp(SPWR) moving down today around 7%, they are still very near record highs and even managed to recover in the After-hours.

Couple of days ago an interesting article mentioning the "Burgeoning Global Solar Industry" appeared on Seeking Alpha, Palma Research author.
You can check the article here: SunPower Corp. and the Burgeoning Global Solar Industry

Meanwhile one of the latest solarstock performers has been LDK Solar Co., Ltd.( NYSE:LDK) up almost 100% since the start of December. While it was one of the industry laggards, this month changes everything about this stock.

LDK 6 month chart:

Labels: LDK, Solar Stocks Performance, SPWR, STP

posted by IntoBlogs at 9:07 PM